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Drivers are leaving the app in droves because the company has stopped paying bonuses — one of the main incentives to attract and retain workers. Tembici, a Brazil-based bikeshare startup, saw its revenue jump 40% in 2021 YoY after diversifying revenue by including delivery rentals, commuter rides and advertising sponsorships. This week, the company said it was investing $1.4 billion in a cylindrical battery plant in Arizona, which would supply batteries to electric vehicles. The company develops solutions to uncrewed aircraft traffic management. In addition, the company is launching a mapping product for the AV industry. The company reported a net income of $5 million and an operating loss of $77.2 million. The EV startup has collaborated with Electrify Canada to offer those who reserve an Air by June 30 two years of complimentary charging on the company’s charging network. The car starts at $45,900, compared to the dual-motor Polestar 2 at $51,200, but the company says it can be sold for as low as $33,400 after federal and state incentives. Miscellaneous Finn, European car subscription platform, is expanding into Western Pennsylvania, Massachusetts, Connecticut and Washington D.C. following an initial U.S. launch in December. Uber reached an agreement to list all NYC taxis on its app, which will both help the company combat its driver shortage and rising fares, and help taxi drivers who were once at risk of being absolutely shafted by the ridehail app.
San Mateo